MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 28, 2004 Pax Under Attack New Hampshire-based Pax World discovered earlier this month that it had an admirer. Individuals were posing as the socially and environmentally-conscious fund firm through a bogus website, www.fairpax.com. Pax World announced on Friday that the SEC obtained a temporary restraining order and asset freeze against the people running the site on June 21 in a New Hampshire court. In posing as Pax World, the individuals running the fake website claimed Pax World executives as its own and copied descriptions of Pax World funds "vebatim." The individuals also promised annual returns of more than 650 percent. The New Hampshire court that issued the order will conduct a hearing on June 30. Printed from: MFWire.com/story.asp?s=7488 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |